CD Skripsi
Pengaruh Struktur Modal Terhadap Nilai Perusahaan Sektor Teknologi Dengan Investment Opportunity Set Sebagai Variabel Moderasi
ABSTRACT
The Indonesian technology sector demonstrates strong fundamental growth, yet the firm value of companies listed on the Indonesia Stock Exchange (IDX) has experienced a decline in recent years. This study analyzes the influence of capital structure on firm value and the role of the Investment Opportunity Set (IOS) as a moderating variable in 29 technology sector companies on the IDX for the 2021–2023 period. Data were analyzed using panel data regression with the Random Effect Model (REM) and Moderated Regression Analysis (MRA). The results indicate that capital structure has a significant positive effect on firm value, while IOS does not have a significant effect and does not moderate the relationship between capital structure and firm value. These findings suggest that the use of debt can enhance firm value, yet high investment opportunities have not been able to strengthen the effectiveness of capital structure.
Keywords: Firm Value, Capital Structure, Investment Opportunity Set, Technology Sector.
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